Latest news with #smartGrid
Zawya
6 days ago
- Business
- Zawya
Egypt explores strategic partnership with Huawei on renewables, digital transformation
Egypt - Mahmoud Esmat, Egypt's Minister of Electricity and Renewable Energy, continued high-level discussions and convened meetings with leading Chinese companies specializing in electrical equipment and technology during his participation in the Shanghai Conference on Renewable Energies, Clean Energy Solutions, and the Energy Transition in China. Esmat conducted on Sunday a field visit to Huawei's Global Digital Energy and Renewables Division, where he met with Chairman Guo Jiangong and David Sun, the company's Vice President for Energy. The talks centered on strengthening cooperation in digital transformation, upgrading power grids and control centers, expanding battery energy storage systems, and localising advanced manufacturing technologies to support Egypt's strategic shift towards renewable energy. The visit began with an inspection of Huawei's facilities, during which the company's team delivered a detailed presentation on its operations and showcased key innovations. These included technologies for solar plant control systems, data centers, smart-grid communication networks, and advanced battery energy storage solutions. The presentation highlighted Huawei's integrated networking systems, AI-powered tools, and intelligent solutions, all of which contribute to the roadmap for developing a smart grid. These technologies aim to enhance operational efficiency, reduce technical losses and fuel consumption, and improve both power quality and overall network stability. During his visit, the Minister also held in-depth meetings with Huawei's senior leadership, including planning and project teams, to explore potential areas for expanded collaboration in the near term. Discussions covered the prospects of localising select ancillary industries and relocating segments of Huawei's service centers to Egypt, thereby channeling new investments into the country and strengthening its role as a regional hub. The meetings reviewed operational frameworks tailored to Huawei's potential joint ventures within the context of Egypt's national digital transformation strategy. Emphasis was placed on maximizing the returns of renewable energy initiatives and expanding the deployment of battery storage solutions. These efforts align closely with Egypt's national energy strategy and the electricity sector's roadmap, which focuses on diversifying energy sources, increasing the share of renewables in the power mix, and enhancing the economic returns of major energy projects. Esmat also examined Huawei's digital transformation strategies designed to curb losses, prevent waste, and optimize electricity usage. In particular, he reviewed storage technologies intended to supply renewable power to isolated industrial zones and remote residential clusters not connected to the national grid—part of a broader plan to capitalize on renewable energy potential and reduce fuel dependency. Further discussions addressed Huawei's role in deploying its technologies to reduce electrical losses, prevent unauthorized consumption in select governorates, and monitor progress on pilot projects such as those currently underway in Port Said and other regions served by local distribution companies. These initiatives include integrating data across control centers to improve electrical service quality and accelerate the modernisation of Egypt's national grid. Esmat affirmed that the Ministry of Electricity is open to partnerships and cooperation and stands ready to provide the necessary support to encourage Huawei's investment in Egypt and its expansion into neighboring markets. He underlined the partnership's potential, emphasizing Huawei's expertise in energy networks, smart cities, renewable energy solutions, and energy efficiency. Esmat also outlined recent measures taken by the Egyptian state—including comprehensive infrastructure upgrades and enhanced legislative frameworks—to foster greater private sector participation across the electricity and energy sectors. He additionally stressed the importance of adopting cutting-edge communication technologies and cybersecurity tools in the ongoing digital transition and pledged the ministry's commitment to meeting the highest standards of quality and efficiency, which remain central to its strategy for performance improvement and service delivery enhancement. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Yahoo
23-06-2025
- Business
- Yahoo
SCADA in Renewable Energy Market worth $3.56 billion by 2030 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., June 23, 2025 /PRNewswire/ -- The global SCADA in renewable energy market is estimated to reach USD 3.56 billion by 2030 from USD 1.96 billion in 2025, growing at a CAGR of 12.7% during the forecast period according to a new report by MarketsandMarkets™. The increasing installation of solar and wind energy assets and the rising demand for remote monitoring and control fuels the need for advanced SCADA solutions. As energy networks become more decentralized, SCADA systems provide essential capabilities for managing distributed assets, enhancing grid stability, and minimizing operational downtime. The integration with technologies including IoT, AI, and cloud computing improves real-time data processing, fault identification, and predictive maintenance. Furthermore, favorable government policies and investments in smart grid infrastructure drive the uptake of SCADA systems within the renewable energy industry. Download PDF Brochure: Browse in-depth TOC on "SCADA in Renewable Energy Market" 142 – Tables42 – Figures220 – Pages SCADA in Renewable Energy Market Report Scope: Report Coverage Details Market Revenue in 2025 $ 1.96 billion Estimated Value by 2030 $ 3.56 billion Growth Rate Poised to grow at a CAGR of 12.7% Market Size Available for 2021–2030 Forecast Period 2025–2030 Forecast Units Value (USD Million/Billion) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered By Hardware, Software, Services, Sector Type and Region Geographies Covered North America, Europe, Asia Pacific, and Rest of World Key Market Challenge Data latency and real-time communication limitations in SCADA systems Key Market Opportunities Rising development of cloud-based SCADA systems Key Market Drivers Unprecedented scale of renewable energy deployment Software segment is expected to exhibit the highest CAGR during the forecast period. Based on components, the software segment is projected to grow at the highest CAGR between 2025 and 2030. This rapid growth is attributed to the increasing need for intelligent, flexible, and responsive systems capable of managing the complexities of modern renewable energy infrastructures. As renewable installations scale and diversify, operators demand software that facilitates real-time monitoring and adapts quickly to dynamic operating conditions. Advanced features, such as automated fault detection, adaptive control, and enhanced reporting, are becoming vital for managing assets across multiple sites. Furthermore, energy regulations and compliance requirements urge operators to implement software that guarantees transparency, traceability, and cybersecurity. The shift toward cloud-based deployment and subscription-based licensing models also enhances the accessibility of SCADA software for smaller renewable energy operators. Innovations such as AI-driven forecasting, edge computing, and blockchain integration further establish software as the fastest-evolving element in SCADA systems. This facilitates quicker decision-making and more dependable integration of renewable energy assets into the grid. Solar energy segment is likely to account for largest market share in 2030. By sector type, the solar energy segment is anticipated to capture the largest share of the SCADA in the renewable energy market in 2030. This dominance is driven by the widespread adoption of solar energy across residential, commercial, and utility-scale applications. Solar energy's scalability, decreasing costs, and simple installation processes have made it the favored option in various regions worldwide aiming for decarbonization. SCADA systems are essential for the smooth operation of solar assets, as they enable effective monitoring of power output, system diagnostics, and grid integration. The need for advanced SCADA platforms is further driven by the requirement to manage variability in solar power generation caused by weather fluctuations and ensure the operational efficiency of assets. Furthermore, investments in digital technologies by solar developers and utility companies have accelerated the adoption of sophisticated SCADA software featuring cloud connectivity, AI-driven analytics, and remote diagnostic capabilities. These systems have become critical in microgrid and off-grid solar initiatives, especially in developing countries. With the ongoing growth of solar capacity and an increasing focus on automation, the solar sector is expected to continue leading as the foremost contributor to the SCADA market in renewable energy. Inquiry Before Buying: Asia Pacific held the largest share of SCADA in the renewable energy market in 2024. Asia Pacific held the largest share of the SCADA in the renewable energy industry in 2024. The region is quickly transforming into a significant market for renewable energy, propelled by strong economic growth, ambitious energy transition objectives, and an increasing demand for clean energy. Major investments in solar, wind, and hydropower projects are spearheaded by China, Japan, India, and South Korea to address rising energy demands, decrease carbon emissions, and strengthen energy security. China intends to install nearly 3,207 GW of renewable capacity between 2024 and 2030, while India continuously enhances its solar and wind capabilities to achieve its goals for 2030. Japan is prioritizing wind and solar energy as part of its efforts to decarbonize, and South Korea is making strides in integrating solar and wind energy into its power grid. Rest of Asia Pacific, which includes New Zealand, Thailand, Vietnam, and Malaysia, is progressively embracing renewable energy technologies due to supportive policies and a growing motivation for energy diversification. With ongoing investments and favorable regulatory policies, the region is poised to play a vital role in the global transition to renewable energy. Key Players Key companies operating in the SCADA in renewable energy companies include Element Siemens (Germany), Schneider Electric (France), ABB (Switzerland), Emerson Electric Co. (US), and Rockwell Automation (US). Key players are adopting strategies such as partnering with renewable energy developers, integrating AI and edge computing into SCADA systems, and expanding cloud-based offerings. Get 10% Free Customization on this Report: Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting Related Reports: Manufacturing Execution System Market by Deployment Mode (On-premises, Cloud, Hybrid), Application (Production Management, Quality Management, Material and Inventory Management, Maintenance Management, Performance Analysis) - Global Forecast to 2030 Process Automation and Instrumentation Market by Transmitter (Level, Pressure, Temperature), Analyzer (TOC, pH, Oxygen, Conductivity, Density, Toxic Gas, Turbidity, Hydrogen Sulfide), PLC, DCS, SCADA, HMI, MES, Industry - Global Forecast to 2029 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter , LinkedIn and Facebook . Contact: Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Web Site: Insight: Source: Logo: View original content: SOURCE MarketsandMarkets
Yahoo
22-05-2025
- Business
- Yahoo
Europe Virtual Power Plant Industry Report 2025-2030: VPPs Critical for Seamless Renewable Integration, EV Adoption Presents Major Opportunities
The Europe Virtual Power Plant Market, valued at USD 1.50 Billion in 2024, is projected to reach USD 4.76 Billion by 2030, growing at a CAGR of 21.30%. Key drivers include the integration of renewables and demand for grid flexibility. However, regulatory inconsistencies pose challenges. Report details insights by technology, end-use, and trends. European Virtual Power Plant Market Dublin, May 22, 2025 (GLOBE NEWSWIRE) -- The "Europe Virtual Power Plant Market Size, Share & Trends Analysis Report by Technology (Distributed Energy Resource, Demand Response, Mixed Asset), End-use (Industrial, Residential, Commercial), Country, with Growth Forecasts, 2025-2030" has been added to offering. The Europe Virtual Power Plant Market is on an upward trajectory, with its valuation expected to rise from USD 1.50 Billion in 2024 to USD 4.76 Billion by 2030, driven by a substantial CAGR of 21.30% This growth is propelled by the increased integration of renewable energy sources, a rising demand for grid flexibility and stability, and the growing adoption of smart grid technologies across Europe. With the burgeoning presence of electric vehicles, virtual power plants present an opportunity to bolster EV charging infrastructure via demand balancing and optimized energy distribution. Despite this promising growth, regulatory inconsistencies and non-standardized policies across European nations present challenges, hindering the seamless deployment of virtual power plant systems. Nonetheless, EU mandates under the Renewable Energy Directive, requiring member states to achieve 42.5% renewable energy by 2030, underscore the necessity for flexible systems like VPPs, essential for efficient management and integration of distributed renewable assets. The European Environment Agency reports a renewable energy uptick from 23% in 2022 to 24.5% in 2023, thanks in part to increased solar power installations. VPPs expertly coordinate and optimize these installations, with the EU emerging as the world's second-largest growth market for renewables, as evidenced by projections from the IEA. This expansion highlights the indispensable role of VPPs in integrating new renewable capacity seamlessly into Europe's energy framework. Managing grid complexity due to renewable penetration emphasizes the importance of stability and flexibility. VPPs adeptly balance solar and wind generation with demand-side resources and storage systems. Key innovations, like Elisa's distributed energy storage expansion to 150 MWh with EUR 3.9 million in funding, demonstrate VPPs' efficacy in grid stabilization, reducing dependence on traditional power plants, and enabling smarter grid operations continent-wide. Regulatory variability remains a significant hurdle. Despite the Renewable Energy Directive (EU) 2018/2001's unified 2030 renewable target, national implementations are inconsistent. Moreover, the Electricity Regulation (EU) 2019/943's provisions for grid flexibility and demand response lack uniform execution across the EU, complicating VPP integration efforts. Why Should You Buy This Report? Comprehensive Market Analysis: Access detailed insights into major regions and segments. Competitive Landscape: Understand the presence of key market players. Future Trends: Identify pivotal trends shaping market evolution. Actionable Recommendations: Leverage insights to explore new revenue streams and strategic business decisions. Key Attributes: Report Attribute Details No. of Pages 100 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $1.5 Billion Forecasted Market Value (USD) by 2030 $4.76 Billion Compound Annual Growth Rate 21.3% Regions Covered Europe Companies Featured Siemens AG Toshiba Corporation Next Kraftwerke GmbH Hitachi, Ltd. ABB Ltd. Tesla, Inc. Centrica plc Cisco Systems, Inc. Bosch (Robert Bosch GmbH) General Electric Sympower SnerpaPower Voltus Baxenergy Flextools (Sympower) Technology Outlook (Revenue, USD Million, 2018-2030) Distributed Energy Resource Demand Response Mixed Asset End-use Outlook (Revenue, USD Million, 2018-2030) Industrial Commercial Residential For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment European Virtual Power Plant Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
